The Conference Board of Canada also expects the oil industry’s losing streak to last three years, from the last quarter of 2014 through to the second quarter of 2017.
Oil Sands Mining News
Feds plan to establish a “floor price” on carbon pollution of $10 a tonne in 2018, rising to $50 a tonne by 2022.
Calgary-based US Oil Sands is seeking over $6 million by year-end to finish $62.5-million project.
The commodity research teams at Macquarie and Barclays, however, are not as optimistic when it comes to potash, aluminum and steel.
Cash from the sale will be used to proceed with the takeover of Spectra Energy and fund other growth projects.
Cash optimization, capital access and productivity top EY’s 2016-17 business risks.
Brent crude was up $2.76, or 6%, at $48.73 a barrel.
The outcome of negotiations in Algeria this week may not do much to rescue oil prices.
Canada is sending a record amount of oil to the United States, filling pipelines to capacity and threatening to push more crude into rail cars.
The late-2014, Saudi-initiated oil-price war may have taken the 'boom' out of the US shale industry as it seriously threatened OPEC market share, but Saudi victory has been elusive.
The charge is related to the first exploration well of its joint venture in the Shelburne basin, south of Nova Scotia.
Natural Resources Minister Jim Carr has until Thursday to make a decision.
Does the oil we use today originate from the remains of dead dinosaurs? No, but the actual answer is just as interesting.
Sunset start clause for the pipeline tied to Petronas LNG project extended from June 2016 to June 2017
The proposed operations, worth about $3 billion in potential investments, could add up to 95,000 barrels of oil per day to current output.
The energy company is making the move as an acquisition by Enbridge looms.
With supply gluts persisting from corn to oil, traders are already gearing up for declines.
Out of 75 documented threats against nine designated natural and cultural sites, 23 belong to the "physical resource extraction" category.
Prospect of another big oil sands mine in Alberta raises issues of growth and cap on emissions.
Alberta wildfires that swept through Fort McMurray in May have resulted in the loss of $1 billion in planned capital spending in the oilsands for 2016, according to Alberta's chief energy economist.
The 1,770 kilometre, $3.7-billion (U.S.) Dakota Access pipeline would carry oil from just north of the Standing Rock Sioux’s land in North Dakota to Illinois.
A recent report by Arkansas Online says the energy industry's support sector could feel the effects of low oil prices for up to two years after the current bear market recovers.
North America’s biggest energy infrastructure company.
Suncor Energy and Fort McKay First Nation announce agreement for equity partnership in East Tank Farm Developments
Under the terms of the agreement, Fort McKay First Nation will pay 34.3% of the actual capital cost of the East Tank Farm Development once the assets become operational, which is currently anticipated to be in the second quarter of 2017.
Maybe in better times, the staggering population of the millennial demographic would be a hurdle over which Big Oil could easily leap. But times are tough, and that isn’t our today.